CoinDesk DeFi Select Index Price DFX

CoinDesk DeFi Select Index Price Overview

The current CoinDesk DeFi Select Index price is 1.120000 €. The price has changed by -2.50% in the past 24 hours on trading volume of 174.983 €. The market rank of CoinDesk DeFi Select Index is 6493 based on a market capitalization of 73465.87 €. CoinDesk DeFi Select Index has a circulating supply of 65883.44 DFX. The highest recorded CoinDesk DeFi Select Index price is 1.660000 €. And the lowest recorded DFX price is 0.863749 €.

How do CoinDesk DeFi Select Index price movements correlate with market trends? Check our complete cryptocurrency exchange rate page for information at a glance.

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Analysing CoinDesk DeFi Select Index’s price history

Before buying any cryptocurrency, it’s worth doing your homework. That means analyzing the price history to look for recurring patterns and indicators that the price of your investment is more likely to rise than to fall.

Make sure your price prediction for CoinDesk DeFi Select Index matches your long-term and short-term financial goals.

There are countless ways to analyse crypto price performance and make a buying decision. Two of the most commonly used are technical analysis and fundamental analysis.

Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the CoinDesk DeFi Select Index chart. For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering.

In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices.

News events are important too, especially economic indicators. Is the national bank raising interest rates? Are fiscal conservatives being elected? Have storms or droughts disrupted agriculture, tourism, and other industries?

Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale.

Factors influencing the Price of CoinDesk DeFi Select Index

Many factors affect the value of CoinDesk DeFi Select Index.

The CoinDesk DeFi Select Index exchange rate sometimes moves with changes in the wider economy. And sometimes crypto moves the opposite direction. For example, many cryptos have made impressive gains despite bank failures and economic uncertainty in international financial markets. This may indicate that investors have turned away from risky banks and turned to crypto, which has delivered historic long-term benefits.

Government regulations have a great impact on the price of CoinDesk DeFi Select Index and other currencies. Tax policies, regulations regarding investments, mining restrictions, government plans for official digital currencies, and other developments can move the crypto market higher or lower.

Newsmakers increasingly influence crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price often goes up. More and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated. Watch for mentions of CoinDesk DeFi Select Index in the news, monitor DFX on Twitter. Visit the project’s online community at Discord or elsewhere. The better informed you are, the better the decisions you will be empowered to make.

Live CoinDesk DeFi Select Index value and market cap

The live CoinDesk DeFi Select Index exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period.

The market capitalisation of CoinDesk DeFi Select Index is equal to the value of CoinDesk DeFi Select Index multiplied by the number of CoinDesk DeFi Select Index in circulation.

What payment methods can I use to buy CoinDesk DeFi Select Index

What can you do with your CoinDesk DeFi Select Index?

Buy CoinDesk DeFi Select Index with euros

Access CoinDesk DeFi Select Index tokens before they are listed on centralised exchanges. Get the best rates and purchase with your card or bank account, all on one platform.

Exchange CoinDesk DeFi Select Index

Swap some or all of your CoinDesk DeFi Select Index for any other crypto with ease. No crypto platform makes transactions as fast and convenient as Kriptomat.

Use CoinDesk DeFi Select Index

Use the CoinDesk DeFi Select Index you buy with the Kriptomat app to access Web3 dApps, DeFi applications, games, and NFT marketplaces.

Sell CoinDesk DeFi Select Index for euros

Simplify your life with the Web3 wallet that lets you sell your CoinDesk DeFi Select Index for euros in seconds. Easily withdraw to your bank account or bank card.

Earn CoinDesk DeFi Select Index

With CoinDesk DeFi Select Index, you can easily access DeFi with liquidity pools. Liquidity pools are funds that allow users to lend or borrow CoinDesk DeFi Select Index at competitive interest rates.

Hold your CoinDesk DeFi Select Index

Your CoinDesk DeFi Select Index tokens will be securely stored in your Kriptomat Web3 wallet. You can save it for a rainy day or until you’re ready to cash in.

How much is 1 CoinDesk DeFi Select Index worth?

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CoinDesk DeFi Select Index Price FAQ